There’s been speculation about Aston Martin entering Formula One in one way or another for a while now, but they’ve confirmed at last how they are dipping their toes into the water for the 2018 season. Aston Martin will be the title sponsor of the Red Bull team, which will thus be called Aston Martin Red Bull Racing.

The pair have been partnering each other already, creating a groundbreaking hypercar called Valkyrie and sharing a technology base in Milton Keynes. Now they’ve taken the next step.

Whilst there has been talk about Aston Martin providing a power unit at some point, CEO Andy Palmer says: “The power unit discussions in Formula One are of interest to us, but only if the circumstances are right. We are not about to enter an engine war with no restrictions in cost… but we believe that if the FIA can create the right environment we would be interested in getting involved.”

And now, of course, they’re in the best possible position to keep a close eye on how the situation develops.

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